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Weekly forecast Silver technical chart
Symbol XAGUSD

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateOctober 3, 2020 - 13:13
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • While the price is below the resistance 25.650, continuation of downtrend is expected.
  • We make sure when the support at 19.650 breaks.
  • If the resistance at 25.650 is broken, the short-term forecast -continuation of downtrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 28.85 on 09/01/2020, so more losses to support(s) 23.05, 22.15, 21.00 and minimum to Major Support (19.65) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 41.

Supports and Resistances:

  1. 18.20
  2. 17.50
  3. 16.50
  4. 15.85
  5. 13.60
  6. 12.05
  7. 11.25
  8. 9.40
  9. 8.45
  10. 7.65
  11. 7.00
  12. 6.20
  13. 5.45
  14. 4.40
Click on the level to view price action history.

Symbol Released Current Forecast
Silver (XAGUSD) Sat, 23 Mar 2024
Silver (XAGUSD) free Sat, 16 Mar 2024
Silver (XAGUSD) free Sat, 9 Mar 2024
Silver (XAGUSD) Tue, 5 Mar 2024
Silver (XAGUSD) free Sat, 2 Mar 2024